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News

March 16, 2023

Grant provided to continue rehabilitation of the sanitary sewer system in Mexicali, Baja California

The North American Development Bank (NADBank) signed a US$2.4 million grant agreement with the water utility, Comisión Estatal de Servicios Públicos de Mexicali (CESPM) in Mexicali, Baja California, to finance its Phase II wastewater system improvement project. These improvements will help reduce the risk of pipeline breaks and sewage spills onto local streets and into the New River, which flows northward into the United States.

March 13, 2023

Fitch affirms North American Development Bank at 'AA+'; outlook stable

Fitch Ratings has affirmed NADBank's Long-Term Issuer Default Rating (LT IDR) at 'AA+' with a stable outlook.

To read the full list of key rating drivers, click here

March 10, 2023

Baja California State Government and NADBank formalize financing to advace water supply and sanitation in Baja California

To reverse the historic backlog in water infrastructure and secure an adequate water supply for Baja California households, as well as to take aggressive action regarding wastewater issues, Baja California Governor Marina del Pilar Avila Olmeda executed the state’s first sustainable financing with the North American Development Bank (NADBank) for $3.0 billion Mexican pesos.

January 24, 2023

NADBank provides construction loan for sustainable medical complex in San Luis Rio Colorado, Sonora

Mexico City, Mexico – The North American Development Bank (NADBank) and Nueve Uno Integradora, S.A. de C.V., signed a US$14.2-million loan agreement to finance construction of the OSME medical complex in San Luis Rio Colorado, Sonora. This project will increase access to general and urgent healthcare services for local residents, as well as for agricultural workers and their families in the southwestern region of the United States.

November 15, 2022

REQUEST FOR QUALIFICATIONS

The North American Development Bank (NADBank), an international financial organization governed and capitalized in equal parts by the Governments of the United States and Mexico, is seeking proposals from law firms interested in providing purchaser’s counsel services for public finance transactions in Texas.

August 25, 2022

Fitch Assigns North American Development Bank 'AAA(mex)' National Rating; Outlook Stable

Fitch Ratings has assigned North American Development Bank (NADB) a 'AAA(mex)' National Long-Term Rating. The Outlook is Stable.

NADB's Long-Term Issuer Default Rating (IDR; AA+/Stable) is materially above Mexico's sovereign Long-Term IDR (BBB-/Stable). Consequently, the bank's rating on the Mexican National Rating Scale is 'AAA(mex)'.

To read Fitch's report related to NADBank’s credit rating, please click here

August 24, 2022

NADBank’s Border Environmental Forum XXVI spotlights binational cooperation and sustainable development for the border region

U.S. Ambassador to Mexico Ken Salazar and Mexican Ambassador to the U.S. Esteban Moctezuma inaugurated the U.S.-Mexico Border Environmental Forum (BEFXXVI) being held in San Antonio, Texas from August 24-25.

August 16, 2022

NADBank signs US$46.9-million loan for a sustainable energy project in Kinney County, Texas

San Antonio, Texas –The North American Development Bank (NADBank) signed a US$46.9-million loan for the Zier Solar and Energy Storage Project under development by Cypress Creek Renewables on Aug. 12, 2022. The project consists of the design, construction, and operation of a 208MW solar farm and a 40MW/ 80MWh, battery energy storage system (BESS) located in Kinney County, Texas. Upon completion, the project will increase the installed capacity of renewable energy resources and energy storage in the Texas grid.

August 10, 2022

NADBank to host Border Environmental Forum XXVI in San Antonio, Texas August 24-25, 2022

San Antonio, Texas – The North American Development Bank (NADBank) is hosting the U.S.-Mexico Border Environmental Forum XXVI on August 24 and 25 at the International Center in downtown San Antonio, Texas. With the theme “Creating a Greener and More Prosperous Border” the event focuses on cross-border partnerships, climate finance and environmental, social and governance (ESG) trends, climate change mitigation and adaptation, clean energy and water, among other topics.  Featuring top U.S. and Mexican officials, the two-day event is an opportunity to analyze about sustainable development that can help improve the environment in the border region.

August 03, 2022

NADBank launches Webinar

NADBank Managing Director Calixto Mateos shares the experience, work strategies and next steps of this binational bank in support of sustainable projects that improve the environment of the region.